Stockbroker bullish on Salesforce and ServiceNow with "software Armageddon" trade said to be overdone

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Wedbush has expressed a bullish outlook on enterprise software companies Salesforce Inc and ServiceNow Inc, arguing that the recent investor sell-off, driven by fears of AI disruption, is exaggerated. The stockbroker believes both companies are well-positioned to benefit from the “AI Revolution” despite concerns about AI’s impact on traditional SaaS pricing models and budget redirection. Wedbush has added Salesforce and ServiceNow back to its IVES AI 30 list, noting their strong customer bases and AI-first strategies.

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